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Oil & Gas

Egypt, Cyprus discuss capitalizing on East Mediterranean natural gas wealth

Posted: November 11, 2017 at 4:36 pm   /   by   /   comments (0)


Petroleum Minister Tarek El Molla received on Friday 10/11/2017 a Cypriot delegation comprising Cyprus Hydrocarbons Company Executive Manager Demetris Fessas along with the company’s Commercial Director Andreas Koutsoulides.

The meeting falls within the framework of the ongoing consultations and negotiations regarding capitalizing on the Hydrocarbon wealth of the Mediterranean.

Minister El Molla underscored the depth of historic relations between the two countries that witnessed a notable development recently, especially in the domains of natural gas excavation in the Eastern Mediterranean.

The Cypriot delegation, for its part, expressed readiness for further cooperation with Egypt in this promising sphere.

(Source: State Information Service SIS)

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